CannabisNewsBreaks Archive - Page 243 of 419

ThursdayApr 18, 2019 9:23 am

CannabisNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQB: PLPRF) Announces New Line of Mints, Launches First Flavor

Cannabis product manufacturer Plus Products (CSE: PLUS) (OTCQB: PLPRF) this morning announced a new line of mints as well as the launch of the first flavor, Classic Mint. PLUS Classic Mints contain 2.5 mg THC and less than 0.1 mg CBD each. The mints come in tins with 40 mints each and are currently available at a limited number of licensed retailers in California. PLUS intends to launch the Classic Mints market wide on April 30th at the Hall of Flowers cannabis trade show. “Mints are a logical extension to the PLUS product family as more customers seek out unique…

WednesdayApr 17, 2019 12:18 pm

CannabisNewsBreaks – ChineseInvestors.com Inc. (CIIX) Announces Record Revenues and Year-Over-Year Increases for Q3 2019

Premier provider of financial news and education for the Chinese-speaking community ChineseInvestors.com (OTCQB: CIIX) today released its financial and operational summary for the third quarter of its fiscal year 2019. Among the highlights, the update reported an 81 percent increase in total revenue for Q3FY2019 of $1,444,822, up from $796,304, as well as a 579 percent increase in hemp and CBD sales revenues and 6 percent increase in subscription revenues, all up from the same quarter in the prior year. “This has been an extremely eventful quarter for us, demonstrated by the successful product launches and initiatives that we have…

WednesdayApr 17, 2019 9:39 am

CannabisNewsBreaks – Marijuana Company of America Inc. (MCOA) Announces 20 Percent Equity Acquisition and Joint Venture Agreement with NPE of California

Innovative hemp and cannabis corporation Marijuana Company of America (OTCQB: MCOA) this morning announced its official acquisition of a 20 percent ownership interest in Natural Plant Extract of California (“NPE”). According to the update and under the agreement terms, MCOA has committed to contribute $2,000,000 in total cash to the project as well as $1,000,000 in its common shares in exchange for a 20 percent equity position in NPE. In addition, MCOA and NPE have officially entered a joint venture agreement to establish Viva Buds as a premier cannabis delivery company, from which both NPE and MCOA will share in…

WednesdayApr 17, 2019 9:30 am

CannabisNewsBreaks – Cannabis Strategic Ventures Inc. (NUGS) Congratulates Portfolio Company on New Product Launches, The Ellen DeGeneres Show Appearance

Cannabis Strategic Ventures (OTC: NUGS), a Los Angeles, California-based cannabis firm, this morning applauded its portfolio company The Asher House Wellness on its appearance on “The Ellen DeGeneres Show” which first aired on April 15. Co-founders Lee Asher and Luke Barton appeared on the popular daytime show to discuss their deep commitment to bring dogs out of shelters and into loving homes internationally. In addition, the Asher House team is expanding its suite of product offerings by introducing new phytocannabinoid (CBD) products and plans to launch numerous new dog products in 2019, including “Lillie’s Love Biscuits.” In 2018, Cannabis Strategic…

TuesdayApr 16, 2019 12:42 pm

CannabisNewsBreaks – Green Hygienics Holdings Inc. (GRYN) Enters LOI to Acquire Coastal Labs

Premium cannabis firm Green Hygienics Holdings Inc. (OTCQB: GRYN) this morning announced its entry into a letter of intent to acquire Coastal Labs. Las Vegas-based Coastal Labs was founded in 2014 by Kavan Thanasith and Travis Chrisman with the intention of providing raw CBD products to CBD merchants under the Coastal Pay umbrella. In 2017, it was recognized by San Diego Business Journal as one of the top 100 fastest-growing private companies. Per the update, Coastal Labs has generated various revenue sources by expanding its network throughout different sectors of the industry, with a focus on sales of seeds, hemp…

TuesdayApr 16, 2019 12:05 pm

CannabisNewsBreaks – Youngevity International Inc. (NASDAQ: YGYI) Posts Q4, Full Year 2018 Financial Results

Youngevity International (NASDAQ: YGYI), a leading omni-direct lifestyle company, this morning announced financial results for the fourth quarter and full year ended December 31, 2018. Among other highlights, the company reported full year revenues of $162.4 million; full year adjusted EBITDA of $7 million, up from negative $549,000 in 2017; and full year operating loss of $2.6 million, a 55% improvement from $5.9 million in the prior year. “We are encouraged by the improvement in our gross margins and the significant turnaround in Adjusted EBITDA over 2017. We are seeing revenue stabilization in the direct selling segment and we anticipate…

TuesdayApr 16, 2019 11:53 am

CannabisNewsBreaks – Wildflower Brands Inc. (CSE: SUN) (OTCQB: WLDFF) Enters EU Market through Agreement with Two Towers

Vancouver-based Wildflower Brands Inc. (CSE: SUN) (OTCQB: WLDFF) today announced that it has signed an agreement with Two Towers to expand the Wildflower Wellness brand’s CBD+ line of products into Poland. Per the update, Two Towers, a major wholesale prescription medical and over the counter wellness distribution company in Poland, is an extension of Omega Rex, a group of 14 pharmacies operating around the central capital region of Warsaw. “The European market is fragmented with no CBD market leaders,” William MacLean, CEO of Wildflower Brands, stated in the news release. “Our agreement with Two Towers vastly reduces barriers to moving…

TuesdayApr 16, 2019 11:12 am

CannabisNewsBreaks – Canopy Rivers Inc. (TSX.V: RIV) (OTC: CNPOF) Invests in High Beauty

Canopy Rivers (TSX.V: RIV) (OTC: CNPOF) this morning announced the completion of an investment in High Beauty, the creator of the cannabis beauty brand high. According to the update, the company has subscribed for $2.5 million of shares representing 18.4% of High Beauty on a fully diluted basis, including additional warrant coverage. “We have been actively pursuing opportunities in the health and beauty industry, guided by a growing consumer trend of brand new, innovative and functional beauty products. Enter high,” Canopy Rivers president Narbe Alexandrian stated in the news release. “Led by Melissa Jochim, a repeat entrepreneur, preeminent formulator and…

TuesdayApr 16, 2019 10:48 am

CannabisNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQB: PLPRF) CEO to Present at Benzinga Cannabis Capital Conference

Cannabis product manufacturer Plus Products Inc. (CSE: PLUS) (OTCQB: PLPRF) this morning announced that its co-founder and chief executive officer, Jake Heimark, will be presenting at the third annual Benzinga Cannabis Capital Conference on April 18, 2019, at 1:20 p.m. ET. As noted in the news release, Benzinga describes Cannabis Capital Conference as “The premier gathering of cannabis entrepreneurs and investors in North America.” An audience of over 750 institutional and retail investors, public and private companies and media representatives is expected to attend the event, which is scheduled to take place on April 17-18 at the Fairmont Royal York in…

TuesdayApr 16, 2019 10:18 am

CannabisNewsBreaks – TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) Completes Purchase of Vertically Integrated Cannabis Facility in California

TransCanna Holdings (CSE: TCAN) (FSE: TH8) today announced its completion of the purchase of a 196,000 square foot vertically integrated cannabis facility. Per the update, the total purchase price for the property was $15 million. “A tremendous effort by the TransCanna team on closing arguably the largest vertically integrated cannabis focused facility in California,” TransCanna CEO Jim Pakulis said in the news release. “Simultaneous to putting our efforts into purchasing the facility, we've been searching extensively for the key individuals who will be overseeing the day to day operations. We've made great strides over the past several weeks and should…

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